A (2) 3
15. Though the Secretary of State has authorised a total expenditure of $1,864,000 on the Vehicular Ferry, the excess of $16,232 over the authorised expenditure for the year which has been passed by the Legislative Council has still to receive his formal approval.
(Para. 20. 1932 Report).
16. The $58,487.20 referred to received the sanction of the Legislature by Resolution of Council and was later approved by the Secretary of State.
PURCHASE OF THREE LOCOMOTIVES FOR CHINESE SECTION
K.C.R. $267,468.26.
17. This advance is being repaid by monthly instalments of $10,000.
INVESTMENTS.
18. The Investments were revalued at the end of the year and the sum of $13,043.14 transferred direct to Revenue. This procedure was not in accordance with Colonial Regulation 291 which enjoins the use of an Investment Adjustment Account but the Treasurer's explanation is included in his reply to Query No. 195/E (Enclosure O.).
UNALLOCATED STORES (P.W.D.) $486,713.30.
19. A reconciliation between the books of the Treasury and those of the Public Works Department is forwarded (Enclosure J.). The Standard Stock is within the amount fixed by the Secretary of State.
UNALLOCATED STORES (RAILWAY) $187,916.81.
20. Explanation has been given and the covering approval of the Secretary of State obtained for the excess of $12,916.81 over the authorised Standard Stock. A reconciliation statement of the Railway books with those of the Treasury is attached (Enclosure K.).
TREASURER'S CASH BALANCE, $3,574,679.79.
21. This represents the balance standing in the books of the Hong Kong and Shanghai Banking Corporation to the credit of the Treasurer's and four other Government accounts, together with actual cash collected on the last day of business in 1933 too late for deposit in the Bank.
22. The Board of Survey appointed under Colonial Regulation 311 found in the Treasury a total sum, in cash and cheques of $385,466.41 (of which $189,664.07 was in incompletely signed cheques, $192,417.65 in completely signed cheques and $3,384.69 in cash) representing disbursements in respect of 1933 not yet completed.